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Palmer Capital’s Price: ‘ultimately our grow-sell decision came’

Palmer’s CEO tells PERE the decision to sell an 80% stake in the £1bn firm to Canadian manager Fiera Capital was the upshot of an inflection point for the business.  

Sun Life rounds out real estate offering with merged firm purchase

The Canadian insurer’s 56% stake purchase in the merger between its real estate investment business Bentall Kennedy and GreenOak Real Estate will allow it to offer its investors strategies from core to opportunistic.

Australia’s First State Super makes US multifamily debut

Through a new $2bn JV with Lendlease, the fund hopes to learn lessons about development in gateway cities applicable to other markets, its head of real assets told PERE.

Is now the time to buy a debt fund?

The rising popularity of real estate debt generates M&A opportunities, but the lack of independent debt fund businesses limits the scope for consolidation.

Colony to sell RE secondaries portfolio to Goldman, Landmark – Exclusive

The Los Angeles-based investment firm is understood to be mulling the sale of its remaining real estate fund interests.

Savanna sells minority stake to investor consortium – Exclusive

The transaction represents the first investment by Hodes Weill’s principal investing platform, Tunbridge.

Maryland SRPS engages Evercore for potential sale

The US pension is exploring options to sell stakes from its $8.4bn private markets portfolio.

Behind Blackstone’s $4.8bn real estate take-private

The New York-based alternative asset manager beat out eight other private equity firms to buy LaSalle Hotel Properties – a deal that is up for shareholder vote next month.

EQT makes first retail RE investment

The new deal represents an expansion of the Swedish alternative investments firm’s property platform, which has focused primarily on office investments.

Brookfield’s $11.4bn Forest City take-private a ‘win-win’

The US REIT has suffered from problems including a poor return track record and nepotism, but after multiple failed bids, Brookfield is poised to accelerate development growth, analysts said.

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